Vetfriends: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Vetfriends
Largest movements
- Intangible fixed assets -€16,294
down €16,294 (-12.4%), from €131,468 to €115,174
- Stocks and contracts +€10,224
up €10,224 (+67.0%), from €15,250 to €25,474
- Cash -€3,000
down €3,000 (-16.3%), from €18,445 to €15,445
mainly Debts after one year (-€30,083) and Investment in fixed assets (net) (-€10,421)
- Tangible fixed assets -€2,674
down €2,674 (-5.0%), from €53,840 to €51,165
of which Leasing and similar rights: -€4,238
- Debts after one year -€30,083
down €30,083 (-22.7%), from €132,414 to €102,331
- Profit (loss) carried forward +€14,786
up €14,786 (+33.4%), from €44,293 to €59,079
- Trade debts +€3,493
up €3,493 (+52.3%), from €6,680 to €10,173
- Staff costs +€26,244
new in 2024: €26,244
- Gross operating margin +€16,629
up €16,629 (+25.8%), from €64,360 to €80,989
- Taxes -€3,907
down €3,907 (-52.6%), from €7,423 to €3,517
- Depreciation +€3,411
up €3,411 (+13.1%), from €26,128 to €29,540
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €243,210 | €229,214 | -€13,995 | -5.8% |
| Formation expenses | 20 | €472 | €321 | -€150 | -31.8% |
| Fixed assets | 21/28 | €185,308 | €166,339 | -€18,968 | -10.2% |
| Intangible fixed assets | 21 | €131,468 | €115,174 | -€16,294 | -12.4% |
| Tangible fixed assets | 22/27 | €53,840 | €51,165 | -€2,674 | -5.0% |
| Plant, machinery and equipment | 23 | €2,157 | €6,797 | +€4,640 | +215% |
| Furniture and vehicles | 24 | €12,855 | €9,778 | -€3,077 | -23.9% |
| Leasing and similar rights | 25 | €38,828 | €34,590 | -€4,238 | -10.9% |
| Current assets | 29/58 | €57,430 | €62,553 | +€5,123 | +8.9% |
| Stocks and contracts in progress | 3 | €15,250 | €25,474 | +€10,224 | +67.0% |
| Stocks | 30/36 | €15,250 | €25,474 | +€10,224 | +67.0% |
| Amounts receivable within one year | 40/41 | €21,968 | €20,483 | -€1,485 | -6.8% |
| Trade receivables | 40 | €21,968 | €20,429 | -€1,539 | -7.0% |
| Other amounts receivable | 41 | - | €54 | +€54 | |
| Cash at bank and in hand | 54/58 | €18,445 | €15,445 | -€3,000 | -16.3% |
| Deferred charges and accrued income | 490/1 | €1,768 | €1,151 | -€617 | -34.9% |
| Total equity and liabilities | 10/49 | €243,210 | €229,214 | -€13,995 | -5.8% |
| Equity | 10/15 | €48,293 | €63,079 | +€14,786 | +30.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,293 | €59,079 | +€14,786 | +33.4% |
| Amounts payable | 17/49 | €194,917 | €166,135 | -€28,781 | -14.8% |
| Amounts payable after more than one year | 17 | €132,414 | €102,331 | -€30,083 | -22.7% |
| Financial debts | 170/4 | €132,414 | €102,331 | -€30,083 | -22.7% |
| Amounts payable within one year | 42/48 | €60,391 | €61,693 | +€1,302 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €33,069 | €31,888 | -€1,180 | -3.6% |
| Trade debts | 44 | €6,680 | €10,173 | +€3,493 | +52.3% |
| Suppliers | 440/4 | €6,680 | €10,173 | +€3,493 | +52.3% |
| Taxes, remuneration and social security | 45 | €20,084 | €19,168 | -€916 | -4.6% |
| Taxes | 450/3 | €18,084 | €17,205 | -€879 | -4.9% |
| Remuneration and social security | 454/9 | €2,000 | €1,963 | -€37 | -1.9% |
| Other amounts payable | 47/48 | €559 | €464 | -€95 | -16.9% |
| Accrued charges and deferred income | 492/3 | €2,111 | €2,111 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €26,244 | +€26,244 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,128 | €29,540 | +€3,411 | +13.1% |
| Other operating charges | 640/8 | €1,812 | €1,123 | -€689 | -38.0% |
| Gross operating margin | 9900 | €64,360 | €80,989 | +€16,629 | +25.8% |
| Operating profit (loss) | 9901 | €36,419 | €24,082 | -€12,338 | -33.9% |
| Financial charges | 65/66B | €5,623 | €5,779 | +€157 | +2.8% |
| Recurring financial charges | 65 | €5,623 | €5,779 | +€157 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €30,797 | €18,302 | -€12,494 | -40.6% |
| Income taxes | 67/77 | €7,423 | €3,517 | -€3,907 | -52.6% |
| Profit (loss) for the period | 9904 | €23,373 | €14,786 | -€8,588 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,373 | €14,786 | -€8,588 | -36.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.